TERNA - Daily - Technical analysis published on 03/10/2023 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
39%
39%
My opinion
Bearish under 7.249 EUR
My targets
7.029 EUR (-1.55%)
6.895 EUR (-3.43%)
My analysis
In the short term, we can see an acceleration in the bearish trend on TERNA, which is a positive signal for sellers. As long as the price remains above 7.249 EUR, a sale could be considered. The first bearish objective is located at 7.029 EUR. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 6.895 EUR as an objective. Crossing it would then enable sellers to target 6.686 EUR. If the price were to return above 7.249 EUR, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
3.8
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This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
TERNA rating 7.140 EUR. On the day, this instrument lost -0.03% with the lowest point at 7.120 EUR and the highest point at 7.258 EUR. The deviation from the price is +0.28% for the low point and -1.63% for the high point.7.120
7.258
7.140
Here is a more detailed summary of the historical variations registered by TERNA:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of TERNA indicates that the overall trend is bearish. The signals given by moving averages are 64.29% bearish. This bearish trend is reinforced by the strong signals currently being given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The technical indicators are generally neutral. They do not provide relevant information on the direction of future price movements.
The Central Indicators scanner found this result concerning these indicators:
Parabolic SAR indicator bullish reversal
Type : Bullish
Timeframe : Daily
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
Near support of triangle
Type : Bullish
Timeframe : Daily
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects these signals that could have an impact on the current short-term trend:
Bullish harami
Type : Bullish
Timeframe : Daily
Doji
Type : Neutral
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.686 | 6.895 | 7.029 | 7.140 | 7.249 | 7.490 | 7.720 |
| Change (%) | -6.36% | -3.43% | -1.55% | - | +1.53% | +4.90% | +8.12% |
| Change | -0.454 | -0.245 | -0.111 | - | +0.109 | +0.350 | +0.580 |
| Level | Minor | Intermediate | Major | - | Intermediate | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.918 | 6.982 | 7.062 | 7.126 | 7.206 | 7.270 | 7.350 |
| Camarilla | 7.102 | 7.116 | 7.129 | 7.142 | 7.155 | 7.168 | 7.182 |
| Woodie | 6.926 | 6.986 | 7.070 | 7.130 | 7.214 | 7.274 | 7.358 |
| Fibonacci | 6.982 | 7.037 | 7.071 | 7.126 | 7.181 | 7.215 | 7.270 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.584 | 6.772 | 6.938 | 7.126 | 7.292 | 7.480 | 7.646 |
| Camarilla | 7.007 | 7.039 | 7.072 | 7.104 | 7.137 | 7.169 | 7.201 |
| Woodie | 6.573 | 6.767 | 6.927 | 7.121 | 7.281 | 7.475 | 7.635 |
| Fibonacci | 6.772 | 6.907 | 6.991 | 7.126 | 7.261 | 7.345 | 7.480 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 6.488 | 6.784 | 6.956 | 7.252 | 7.424 | 7.720 | 7.892 |
| Camarilla | 6.999 | 7.042 | 7.085 | 7.128 | 7.171 | 7.214 | 7.257 |
| Woodie | 6.426 | 6.753 | 6.894 | 7.221 | 7.362 | 7.689 | 7.830 |
| Fibonacci | 6.784 | 6.963 | 7.073 | 7.252 | 7.431 | 7.541 | 7.720 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.82 | |
| MACD (12,26,9): | -0.0530 | |
| Directional Movement: | -4.335 | |
| AROON (14): | -42.857 | |
| DEMA (21): | 7.131 | |
| Parabolic SAR (0,02-0,02-0,2): | 6.960 | |
| Elder Ray (13): | 0.024 | |
| Super Trend (3,10): | 7.431 | |
| Zig ZAG (10): | 7.160 | |
| VORTEX (21): | 0.8590 | |
| Stochastique (14,3,5): | 40.56 | |
| TEMA (21): | 7.086 | |
| Williams %R (14): | -58.33 | |
| Chande Momentum Oscillator (20): | -0.060 | |
| Repulse (5,40,3): | 0.2520 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0980 | |
| Courbe Coppock: | 6.15 |
| MA7: | 7.125 | |
| MA20: | 7.223 | |
| MA50: | 7.273 | |
| MA100: | 7.184 | |
| MAexp7: | 7.141 | |
| MAexp20: | 7.195 | |
| MAexp50: | 7.228 | |
| MAexp100: | 7.202 | |
| Price / MA7: | +0.21% | |
| Price / MA20: | -1.15% | |
| Price / MA50: | -1.83% | |
| Price / MA100: | -0.61% | |
| Price / MAexp7: | -0.01% | |
| Price / MAexp20: | -0.76% | |
| Price / MAexp50: | -1.22% | |
| Price / MAexp100: | -0.86% |
Quotes :
-
15 min delayed data
-
Italy Stocks
News
The last news published on TERNA at the time of the generation of this analysis was as follows:
Terna EnergyThis member declared not having a position on this financial instrument or a related financial instrument.
About author
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I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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